Nishitetsu Amagi Line Fukuka 2016-4Q
Land market report

Nishitetsu Amagi Line railway market report

Nishitetsu Amagi Line Land market overview

The average price of a sq.m Land of Nishitetsu Amagi Line (Miyanojinn to Amagi), in Oct, 2016 to Dec, 2016 was 23,698 JPY/sq.m. The market value represents an increase of 2,100 JPY (+9.7%) compared to 1 year ago and a transition to a strong market. 20 properties exchanged hands ( The market value represents an increase of 1 (+5.3%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 399.8 sq.m (a -13.8% decrease compared to the 463.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kogannchaya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kogannchaya station, where prices have increased +77.7% compared to last year; a sq.m unit now costs 27,916 JPY/sq.m.

The top 1 stations has seen prices increase +77.7% (+12,207 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -90.9% (-18,182 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 28.2 min in 2015 and 38.0 min in 2016; +35.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 21.1% of total transactions in 2015 and 15.0% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in Nishitetsu Amagi Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Miyanojinn, the highest market value along this railway was 50,315 JPY/sq.m. The market value represents a decrease of 1,284 JPY (-2.5%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Mada, the lowest market value along this railway was 1,818 JPY/sq.m. The market value represents a decrease of 18,182 JPY (-90.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Nishitetsu Amagi Line (Stations Land market overview)
Nishitetsu Amagi LineThis year(2016)1 year ago2 years ago
Miyanojinn50,315 JPY (0.0Y/361.7sq.m)51,599 JPY (0.0Y/435.0sq.m)-
Goroumaru36,144 JPY (0.0Y/830.0sq.m)--
Gakkoumae---
Kogannchaya27,916 JPY (0.0Y/240.0sq.m)15,709 JPY (0.0Y/353.3sq.m)-
Kitano24,021 JPY (0.0Y/285.0sq.m)22,222 JPY (0.0Y/180.0sq.m)27,782 JPY (0.0Y/288.8sq.m)
Ooki-13,636 JPY (0.0Y/220.0sq.m)-
Kaneshima--15,500 JPY (0.0Y/200.0sq.m)
Oozeki---
Honngou--22,400 JPY (0.0Y/250.0sq.m)
Kamiura---
Mada1,818 JPY (0.0Y/1100.0sq.m)20,000 JPY (0.0Y/110.0sq.m)19,047 JPY (0.0Y/630.0sq.m)
Amagi17,424 JPY (0.0Y/347.5sq.m)18,258 JPY (0.0Y/579.1sq.m)16,152 JPY (0.0Y/407.1sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Kogannchaya27,916 JPY/sq.m (+78% compared with the previous year)

The average price of a sq.m Land of Kogannchaya was 27,916 JPY/sq.m. The market value represents an increase of 12,207 JPY (+77.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a -32.1% decrease compared to the 353.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.3 min in 2015 and 25.0 min in 2016; +200.0%)

Mada1,818 JPY/sq.m (-91% compared with the previous year)

The average price of a sq.m Land of Mada was 1,818 JPY/sq.m. The market value represents a decrease of 18,182 JPY (-90.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1100.0 sq.m (a +900.0% increase compared to the 110.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2015 and 5.0 min in 2016; -37.5%)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)